Arizona weekly citizen., 1887-03-26
THE MEN WHO SPECULATE.
Rroken-DOwn BrokerS-A Large Num-
 Der Weak to Begin With

Rroken-Down BrokerS-A Large Num-
 Der Weak to Begin With
 While one sees occasionally person who has made money fin Wall street and kept it, he more commonly sees the oldest and strongest habitues down there either poor or diseased The brokers require to be perfect iv sober to keep their heads, and the GUS toners as well, yet the conditions of specu- latiOn demand stimulation, and the widest things are done when the head is drunk. You will find the stock exchange and all other exchanges where speculation raseS surrounded by drinking houses, and large proportion of these break in time because their proprietors and clerks ara drawn into the market.
 A large majority of the men who specu- late are weak to begin with. Here and there you find a hard-brained man, without much sensibility, started in life amid rough Associations. and to him the stock exchange is rather Q mild and becalming society. He has learned to be reticcnt, not tO talk much, not to show either his losses or his gains, and such a ono extending his acquaintance may possibly cooperate in time with his equals or superiors and force the quotations according to his bets, for it is all betting in every event. Politicians. people of literary turns, aclor-. officers of the regular army, adva1ced clerks iu mercantile houses, keepers of saloons, butchers, hotel men, are among the source of supply for the stock exchange. Many oi these have not much training or education. 7nl but little moral courage, yet the atmo>- phere of Wall street is as genial as that of a gambling house when a stranger enters it You go into the old fashioned gaming house, if any such exist in our day. and you find polite attention everywhere; order and quiet are maintained. The chief gambler i, the essence of discretion and compoSure. So in Wall street you can lnl the most CSree1Al. expoHentS of human nature, often uSc,ul men, the best age for a Wall stree- man seems Co be about 41 Tlesg brokers are not often fools. They have Cftcu been mcr- chants, contractors, bul lsrs of railway lines. and approach the speculative part of tL-ir work from the large and wholesome end
 He who goes to Wall street had best pos scss some experience of real life beforehand. When a man k worn out there and his money lost there is not the least use for him, even where good charity k exercised, because the business of the street is to buy aui sell stocks for commissions. and tO work without any security of pay is a bore Co the broker and bad example to his customers, be9i les an in vasiOn of his book keeping and demOraliz5- tion at large. In the ordinary pursuits of life reckoning day comes every quarter or twice year. but in Wall street 1t comes every day. lt is a rule of the street Co follow up margins closely and collect them promptly. The mere sucker who goes down there with few thousand dollars has but little idea of the huge brute strength he may have to en- counter in the very room where he keeps his account He would hardly go to a private poker room where experts played in order to hide bis purse and his hand; why then should he enter business office where they gamble from o'clock until 3, only six hours out of the tweuty-fOur. consider that he Is privi- legged m his communications No doubt there is considerable honor among the brokers, but good many of these brokers are themselves operators, and in many eases they have no other knowledge than an orLi- 7ary newspaper reader or typographical traveller would have of the condition of cor pOrations. Cath in Boston GlOho.